1. Tax Loopholes. Should eliminating what some refer to as tax loopholes be considered tax increases?
2. Mortgage Interest Deductions. Why should we allow mortgage interest deductions on second homes?
3. Capital Gains. Should the preferential tax treatment for capital gain income be eliminated and replaced with the Buffett Rule?
4. Tax Fairness. Are the 40-plus percent of U.S. citizens who do not pay federal income taxes or those who receive generous tax benefits such as tax-free health care freeloaders?
5. Fiscal Cliff. Would either candidate consider a temporary extension of the existing tax cuts or other short-term solution to avoid the fiscal cliff and restore investor confidence by January 1, 2013?
“No election in the modern era has been as dominated by tax policy as the 2012 election,” noted Tax Analysts’ publisher Christopher E. Bergin. “Between the usual election year tax disclosure mud-slinging and a kick-the-can-down-the-road Congress that has left us facing a fiscal cliff, 2012 will go down in history as a perfect storm of tax policy failure and handwringing. It’s time that both candidates stop sacrificing policy for politics and signal to the American people that a saner, more comprehensible tax policy is in the future.”
Tax Analysts will host a roundtable discussion on Taxes and the Poor on Friday, October 12, 2012 at the National Press Club in Washington, DC. The discussion will be moderated by Bergin and will feature C. Eugene Steuerle, Institute Fellow from the Urban Institute; David Brunori, Executive Vice President of Tax Analysts; Scott A. Hodge, President of the Tax Foundation; and Chuck Marr, Director of Federal Tax Policy for the Center on Budget and Policy Priorities. For more information, contact Genilson Brandao at 703-531-4810.
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